Subsidiary1 Jun 2026, 02:48 pm
IEX Incorporates Wholly Owned Subsidiary: Indian Coal Exchange Ltd
AI Summary
Indian Energy Exchange Ltd (IEX) has incorporated a wholly owned subsidiary named "Indian Coal Exchange Limited" on June 01, 2026. The subsidiary has a Corporate Identity Number U66190DL2026PLC467125. Indian Coal Exchange Limited will operate as a coal exchange where buyers and sellers transact, trade, and enter into contracts on an online platform. The authorized share capital is ₹100 Crore, divided into 10 Crore equity shares of ₹10 each. 100% shareholding is held by IEX.
Key Highlights
- IEX incorporates Indian Coal Exchange Limited as a wholly owned subsidiary.
- The subsidiary will operate as a coal exchange on an online platform.
- Indian Coal Exchange Limited has an authorized share capital of ₹100 Crore.
- IEX holds 100% shareholding in the newly incorporated subsidiary.
- No governmental or regulatory approvals were required at the time of incorporation.
Price Impact
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